The Onion (Satire) – Wall Street Firm Develops New High-Speed Algorithm Capable Of Performing Over 10,000 Ethical Violations Per Second Calling it a major breakthrough that will significantly expedite and streamline its daily operations, Wall Street financial firm Goldman Sachs revealed Thursday it has developed a new high-speed algorithm that is capable of performing more… Continue reading Only 10,000 Per Second?
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<Click on table for larger image> Comment The table above shows the results of the Bloomberg’s survey of economists. In the latest survey 90% of economists are looking for higher yields in the next six months. The Wall Street Journal – Time for Investors to Simplify Their Bonds With all the talk of potential interest-rate… Continue reading Bond Sentiment
<Click on chart for larger image> Bloomberg.com – Dollar Super-Cycle Crushing Bears Is Only Half Done: Currencies Investors counting on a slowdown in the U.S dollar’s meteoric rise better watch out. That’s the warning from Morgan Stanley’s Hans Redeker, who says the currency’s only about halfway through what analysts at the bank are calling a… Continue reading The Surging Dollar
The Wall Street Journal – Fed’s Bear Hug Won’t Be So Tight This won’t be easy. Markets have become accustomed, even addicted, to supereasy monetary policy. The Fed and Chairwoman Janet Yellen have already grappled with how to guide market expectations in terms of how they even prepare to consider raising rates. An imminent Fed… Continue reading Timing The Rise In Rates
The Wall Street Journal – ECB Official Details First QE Purchases The European Central Bank bought €9.8 billion ($10.33 billion) of bonds with an average maturity of nine years in the first three days of its massive stimulus program, ECB executive board member Benoît Coeuré said Thursday. The ECB has said it would buy a… Continue reading What Is The ECB Buying?
The Financial Times – Bloated valuations arrest US bull run Entering its seventh year, the ageing US equity bull market looks vulnerable. Rising concerns about the outlook for US equities reflect their lofty valuations and expectations of higher interest rates. In the past, the combination of rich share prices during periods of tighter monetary policy… Continue reading Lofty Valuations And The Equity Bull Market
Bloomberg.com – The U.S. Has Too Much Oil and Nowhere to Put It Overflowing storage tanks could lead to another drop in prices Seven months ago the giant tanks in Cushing, Okla., the largest crude oil storage hub in North America, were three-quarters empty. After spending the last few years brimming with light, sweet crude… Continue reading Overflowing With Crude
<Click on chart for larger image> Bloomberg.com – Gold Breaks Longest Run of Losses Since 2009 as Dollar Retreats Gold snapped an eight-day stretch of declines that was the longest since 2009 as the dollar weakened from a decade-high. Silver, platinum and palladium climbed. The dollar slid against all its 10 major developed peers after… Continue reading Gold
The Economist – China’s local government debt: Defusing a bomb EVER since China’s gargantuan stimulus of 2009, which was unleashed to repel the global financial crisis, there have been concerns about how the debts incurred during that spending binge would be repaid. The finance ministry took a big step this week to address the overhang,… Continue reading Local Government Debt In China
The Wall Street Journal – Big Banks Struggle to Pass Fed’s ‘Stress Tests’ Four of the biggest names on Wall Street struggled to pass the Federal Reserve’s 2015 “stress tests,” and the U.S. units of two foreign banks fell short, underscoring the constraint the annual exercise imposes on the largest banks more than six years… Continue reading Passing The Fed’s Stress Tests
Bloomberg.com – How Big Oil Is Profiting From the Slump Although better known for their oil fields, refineries, and petrol stations, BP Plc, Royal Dutch Shell Plc and Total SA are also the world’s biggest oil traders, handling enough crude and refined products every day to meet the consumption of Japan, India, Germany, France, Italy,… Continue reading Big Oil Profiting Despite Slumping Crude Oil Prices